Oil-Dri Co. of America (NYSE:ODC - Get Free Report) posted its earnings results on Tuesday. The specialty chemicals company reported $0.89 earnings per share for the quarter, Zacks reports. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%.
Oil-Dri Co. of America Price Performance
Shares of ODC traded up $0.01 during midday trading on Tuesday, reaching $45.39. The stock had a trading volume of 55,116 shares, compared to its average volume of 39,553. The company has a current ratio of 2.63, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $662.50 million, a price-to-earnings ratio of 14.67 and a beta of 0.44. The company's 50-day moving average is $43.14 and its 200 day moving average is $27.70. Oil-Dri Co. of America has a 12-month low of $29.47 and a 12-month high of $48.00.
Oil-Dri Co. of America Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 1.37%. The ex-dividend date was Friday, February 21st. Oil-Dri Co. of America's dividend payout ratio (DPR) is currently 20.00%.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Oil-Dri Co. of America from a "buy" rating to a "hold" rating in a research report on Friday, February 28th.
Get Our Latest Stock Report on Oil-Dri Co. of America
Insider Buying and Selling
In related news, Director Amy Ryan sold 2,100 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $41.78, for a total transaction of $87,738.00. Following the completion of the sale, the director now directly owns 3,900 shares in the company, valued at $162,942. This represents a 35.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Christopher B. Lamson sold 3,154 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $42.75, for a total value of $134,833.50. Following the transaction, the vice president now owns 70,796 shares in the company, valued at approximately $3,026,529. The trade was a 4.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.66% of the stock is currently owned by corporate insiders.
About Oil-Dri Co. of America
(
Get Free Report)
Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Oil-Dri Co. of America, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oil-Dri Co. of America wasn't on the list.
While Oil-Dri Co. of America currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
